by Big Wave Trader | Jul 23, 2012
Europe is at it again. Fears over a depression in Greece and Spain’s possible need of a full bailout helped spark fears over a European Union breakout. Right out of the gate sellers began to dump stock. However, before the first 30 minutes of trading were completed...
by Big Wave Trader | Jul 19, 2012
Economic news was not good this morning, with the Philly Fed showing manufacturing contracting and jobless claims contracting much more than expected. Initially the market did sell off on the news but buyers jumped back into the market pushing the NASDAQ back to...
by Big Wave Trader | Jul 18, 2012
For the second straight day, Ben Bernanke testified in front of the house and stocks pushed higher. Housing data was a bit better than expected, aside from building permits. However, a few home building stocks like HOV and PHM did not agree. INTC lead the...
by Big Wave Trader | May 11, 2012
The story of the day was CSCO and its reaction to its earnings release. PCLN didn’t’ fare well either as earnings disappoints. A slightly better than expected jobless claims figure helped the market in the early going, but the market quickly turned to sloppy trade...
by Big Wave Trader | Oct 15, 2010
The market side steps a distribution day consolidating recent gains. New banking fears helped push stocks lower, but a late afternoon buying spree lifted stocks off the lows of the session. Today’s consolidation was not out of the ordinary considering the move in...
